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The fiscal sustainability of state pensions is a central concern of policymakers in nearly every advanced economy …. Policymakers have attempted to ensure the sustainability of these programs in recent decades by raising retirement ages. However …
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This essay starts, after a short introduction on the importance and dimensions of "inclusive growth", with a brief empirical sketch on to what extent Europe has already succeeded with respect to this ambitious goal. The result is quite sobering and gives rise to the question: why is it so? The...
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